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China detains attackers of Japanese diplomat BEIJING: Beijing police have detained two men for ripping the Japanese flag from the car of Japan's ambassador to China, state press said Tuesday, of an affair that stoked ongoing diplomatic tensions. The August 27 incident, which Japan called regrettable, came amid widespread anti-Japan demonstrations in China over a disputed East China Sea island chain known as Diaoyu in China and Senkaku in Japan. Ambassador Uichiro Niwa was not hurt in the incident and there was no other damage to his diplomatic vehicle, according to the Japanese embassy. Beijing police detained a 23-year-old man surnamed Guo and a 25-year-old man surnamed Xia as the chief suspects in the incident, the city government's official news website Qianlong reported. The two men, who both admitted the wrongdoing, were "administratively detained", the report said, which means they are likely to face lesser punishments than if they were placed in criminal detention. Another man, who allegedly used his car ...

Sri Lanka warns about harassment in India  COLOMBO: Sri Lanka warned its citizens on Tuesday against visiting the south Indian state of Tamil Nadu a day after a group of Sri Lankan pilgrims were harassed and forced to take refuge in a church. "The government of Sri Lanka is constrained to request Sri Lankan nationals in the interest of their security to desist from undertaking visits to Tamil Nadu until further notice," the external affairs ministry said. As well as the incident involving the ...
Ferrari crash reports bring political scandal in China BEIJING: China's leadership has been hit by a fresh scandal ahead of a 10-yearly power handover, with reports a close ally of the president was demoted following his son's death in a Ferrari crash. China said at the weekend that Ling Jihua, who has close ties to outgoing President Hu Jintao, had been removed as head of the Communist party's powerful Politburo general office and given a new, less high-profile post. It gave no explanation for the surprise move, ...
Three mummified bodies found in Japan home TOKYO: Police who broke into a locked home in Japan after neighbours complained of a foul smell found three partially mummified and almost naked bodies, a spokesman said Tuesday. The bodies, which were partly decomposed and partly desiccated, were wearing only underwear in the living room of the two-storey house in Namerikawa, 250 kilometres (160 miles) northwest of Tokyo. The dead were believed to be Shoichi Osaki, a 78-year-old pensioner who owned the house, his 45-year-old daughter ...
South Korea SEOUL: South Korea's top nuclear envoy will visit China this week to discuss ways to resume long-stalled nuclear disarmament talks on North Korea, Seoul's foreign ministry said Tuesday.   Lim Sung-Nam, Seoul's envoy for the six-nation denuclearisation forum, will meet with his Chinese counterpart Wu Dawei and other Beijing officials on a two-day trip beginning Wednesday.   Lim "will exchange opinions on the latest situation on the North and its nuclear issues", ministry spokesman Cho Tai-Young said.   The six-party nuclear ...
Death of Australian mining boom exaggerated: PM SYDNEY: Australian Prime Minister Julia Gillard Tuesday denied claims that the mining boom was over, saying its benefits would last decades even as a key forecaster warned more projects may be shelved.   Resources Minister Martin Ferguson last month declared "the resources boom is over", prompting a flurry of speculation that falling commodity prices could see the lucrative industry wind down.   Gillard's declaration came on the day that iron ore miner giant Fortescue announced it would defer planned ...
Clinton to seek China sea unity in Indonesia  JAKARTA: US Secretary of State Hillary Clinton arrived in Indonesia Monday hoping to encourage unity among Southeast Asian nations in an effort to manage increasingly tense disputes with China. Clinton's last trip to the region in July was marred by the failure of the Association of Southeast Asian Nations to reach a consensus at talks in Cambodia, amid divisions in the 10-member group on how to treat a rising China. The top US diplomat was scheduled to ...

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Banking Review 2013


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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln